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>Panda-X is a Hive Blockchain delegation service designed to provide a stable and rewarding experience. We work to promote a sustainable ecosystem of organic curation and we are committed to key elements like delegation rewards, token buy-back and burn, with **compounding funds** and strategic investments.

It's time for a deep dive behind the scenes of Panda Token. What if I told you the project is working exactly as planned? I know, you might not take my word for it, but hey, the math doesn't lie, does it? Right? *Right?*

If you're still living under a rock and don't know what Panda Token is, don't worry, I’m not here to explain it. Just head over to our website: [https://panda-x.io/](https://panda-x.io/) and catch up!

Since taking in all the details at once might be overwhelming, I'll break it down into smaller, digestible chunks for you.

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# @ panda-burn

Burn fund is the easiest to digest, so let’s start with it.

**How does the burn fund get money?** 

The `@panda-burn` account gets 10% of `@pandex` curation rewards. Yes, it’s like a little panda tax for a greater cause.

**How does it use the money?**

It buys *$PandaMiner* tokens, which increases the mining difficulty for *$Panda* tokens. Why? Because Panda tokens have a fixed weekly inflation of 1,000 tokens. These miners then mine *$Panda* tokens, and in a plot twist, send them to `@null` to be burned forever. 🔥

**Current Stats?**

- 398.521 *$PandaMiner* Staked = $117.95
- 38.103 *$PandaMiner* Incoming (Recently Purchased) = $11.27
- Burned = 30.0975 $Panda = $4.238 🔥
- Unstaking to Burn = 33.331 $Panda = $4.256 🔥
<br>

Every burned token makes Panda a little rarer and more special. Curious? Check out the burn stats here: [View Burn Stats](https://he.dtools.dev/@null?symbol=PANDA)

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# Compound Fund

The Compound Fund consists of multiple accounts, so let’s dive into it.

**How does the burn fund get money?**

The Compound Fund gets 10% of `@pandex` curation rewards. It’s like a little panda investment for growing even more. 📈

**How does it use the money?**

It allocates the funds in a predefined manner to `@panda-bro`, `@panda-dbond`, `@panda-eds`, `@panda-hbd`, and `@panda-workerbee`.

**Current Stats of Compound Fund HP?**

- `@panda-bro` = 122.165 *HP* = $33.76
- `@panda-dbond` = 58.793 *HP* = $16.25
- `@panda-eds` = 234.149 *HP* = $64.71

Total HP in Compound Fund = 415.108 HP = $114.72

**Additional Current Stats?**

- 0.581 *$BRO* = $1.057
- 0.686 *$DBOND* = $0.190
- 0.253 *$DAB* = $0.105
- 3.894 *$EDSI* (EDS discontinued and changed to EDSI) = $2.15 💭
- 23.203 *$HBD* = $22.822
- 13.29 *$WORKERBEE* = $6.797
- 19.173 *SWAP.HIVE* (Workerbee open order= 12.766) = $5.306

Total: $38.427
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# Mining Difficulty Analysis

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The *$Panda* token is minted at a fixed rate of 1,000 tokens per week. This steady issuance ensures a predictable supply for the ecosystem.

The graph above illustrates the *$Panda* Token Mining Difficulty over the last three months. Mining difficulty is determined by the total HP (Hive Power) delegated to `@pandex`.

In recent months, we observed a decline in mining difficulty, suggesting reduced delegation.

However, with the introduction of initiatives like `@panda-burn` and the *Compound Fund*, the mining difficulty is expected to rise over time. These mechanisms aim to:

- Incentivize higher delegation,
- Create scarcity through token burns,
- Enhance long-term sustainability and value growth.

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# Dividend Update?

Currently, there are **19,969** *$Panda* tokens in circulation, with 30.0975 tokens burned and 33.331 tokens awaiting burn.

Now, let's talk numbers:

19,936.572 $PANDA tokens are backed by:

- $129.22 in `@panda-burn`
- $114.72 in Compound Fund HP
- $38.427 in an Additional Compound Fund

**Total backing: $282.367**

So, the math goes like this: 19,936.572 $PANDA tokens are backed by $282.367, which means each Panda token has a TVL (Total Value Locked) of **$0.0142**. Meanwhile, the current price is $0.134.

But hold your horses, when are the dividends coming?

Here’s the deal: Out of all these funds (from curation fees), only $38.427 are being used for dividends. The kicker? These funds aren't exactly raking in attractive dividends. Half of the earnings are reinvested to grow the pie, while the other half is distributed as dividends (currently). Right now, we’re working with crumbs for dividends. But hold on, there’s a plot twist!

# IMPORTANT NOTICE

**Dividends Just Got a Boost**

- We’re now allocating 5% of the `panda-burn` fund directly to Panda Token stakers as dividends. Yes, you read that right, hive drops for $Panda token stakers!

**Smarter Burning, Bigger Impact**

- Another 5% of the panda-burn fund will be used to buy back Panda Tokens straight from the market and burn them. No more going through the whole Panda Token miner detour.

**Reinvestment with a Purpose**

The remaining 10% stays invested in Compound, and any returns (however tiny) will continue to fuel the `panda-burn` fund until the token supply shrinks further. Slow and steady wins the race!

### Why It Matters

All buyback and burn amounts (when buying) will remain lower than the TVL per Panda Token, which in the long term:

- Increases dividends per token.

- Boosts TVL per Panda Token.

*Patience pays, and so will your Panda Tokens.*